Congressman Earl Blumenauer (D-Ore), Chair of the Livable Communities Task Force, recently introduced legislation to provide homebuyers with information on the actual cost of their homes, which includes the cost of transportation. The average family spends about half of its income on transportation and housing, but transportation costs can vary based on a home's location. While housing affordability traditionally has been measured by the extent to which a household can cover the purchase price of a home, Blumenauer has introduced the Transportation and Housing Affordability Transparency Act, or ''THAT Act,'' to create a transportation affordability index that will provide information about the costs associated with the location of a home.
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Article courtesy of Smart Growth Network State by State and International News Headlines
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